BTG Pactual to distribute funds of Fraga-led Gávea Investimentos

Ignacio Pedrosa, BTG Pactual's manager for third-party distribution, said Gávea had exceptional managers with a combination of political and business experience very difficult to find.

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Gávea founders reach deal to buy back Brazilian firm from JP Morgan

Gávea will keep its hedge funds and private-equity funds, which are the firm’s core businesses. Equity funds and real-estate funds will likely stay with JP Morgan, which operates as a local asset manager in Brazil.

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Brazilian asset manager Gávea in talks to buy back control from JP Morgan

Gávea was co-founded in 2003 by Arminio Fraga, the former head of Brazil’s central bank. Gávea had BRL 18.1 billion (USD 5.8 billion) in assets under management as of February, according to Latin Asset Management.

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